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Target Hospitality TH Lease Payments

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Other financials

Income statement

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Revenue$72.8M+4.1%
Gross profit$6.9M-61.7%
Operating income-$14.3M-1,231%
Net income-$12.9M-100.0%
EPS (diluted)-$0.13-85.7%

Balance sheet

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Cash & equivalents$5.5M-84.2%
Total debt$11.0M-20.4%
Total equity$376.9M-9.2%
Total assets$539.5M-4.1%

Cash flow

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Operating cash flow$7.0M+78.7%
CapEx$176.0K-71.4%
Free cash flow$6.9M+106%

Valuation

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Market cap$1.99B+42.2%

Profitability

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Gross margin9.8%-32.3pp
Operating margin-14.8%-36.9pp
Net margin-13.5%-26.2pp
FCF margin23.8%-6.0pp

Returns & leverage

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Return on equity-11%-22.2pp
Debt / equity0.0×
Current ratio0.8×-1.1×

Where this comes from

Reported directly by Target Hospitality in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeasePayments.

The official record: Target Hospitality’s 10-K, filed March 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Target Hospitality's lease payments?
Target Hospitality (TH) reported lease payments of $2.74M in Q4 2025.
How has Target Hospitality's lease payments changed year-over-year?
Target Hospitality's lease payments decreased by 0.1% year-over-year, from $2.74M to $2.74M.
What is the long-term trend for Target Hospitality's lease payments?
Over 3 years (2022 to 2025), Target Hospitality's lease payments has grown at a -11.1% compound annual growth rate (CAGR), from $15.61M to $10.95M.
What does lease payments mean?
Represents the total cash outflows related to operating lease agreements during the reporting period. This metric reflects the recurring financial commitment required to maintain access to leased assets, such as facilities or equipment, that are not classified as finance leases.